The Prosperity Paradox

The Prosperity Paradox
Author: Clayton M. Christensen
Publisher: HarperCollins
Total Pages: 416
Release: 2019-01-15
Genre: Business & Economics
ISBN: 0062851837

New York Times–bestselling Author: “Powerful . . . a compelling case for the game-changing role of innovation in some of the world’s most desperate economies.” —Eric Schmidt, former Executive Chairman, Google and Alphabet Clayton M. Christensen, author of such business classics as The Innovator’s Dilemma and How Will You Measure Your Life, and co-authors Efosa Ojomo and Karen Dillon reveal why so many investments in economic development fail to generate sustainable prosperity, and offer a groundbreaking solution for true and lasting change. Global poverty is one of the world’s most vexing problems. For decades, we’ve assumed smart, well-intentioned people will eventually be able to change the economic trajectory of poor countries. From education to healthcare, building infrastructure to eradicating corruption, too many solutions rely on trial and error. Essentially, the plan is often to identify areas that need help, flood them with resources, and hope to see change over time. But hope is not an effective strategy. At least twenty countries that have received billions of dollars’ worth of aid are poorer now. Applying the rigorous and theory-driven analysis he is known for, Christensen suggests a better way. The right kind of innovation not only builds companies—but also builds countries. The Prosperity Paradox identifies the limits of common economic development models, which tend to be top-down efforts, and offers a new framework for economic growth based on entrepreneurship and market-creating innovation. Christensen, Ojomo, and Dillon use successful examples from America’s own economic development, including Ford, Eastman Kodak, and Singer Sewing Machines, and shows how similar models have worked in other regions such as Japan, South Korea, Nigeria, Rwanda, India, Argentina, and Mexico. The ideas in this book will help companies desperate for real, long-term growth see actual, sustainable progress where they’ve failed before. But The Prosperity Paradox is more than a business book—it is a call to action for anyone who wants a fresh take for making the world a better and more prosperous place.

The Wealth Paradox

The Wealth Paradox
Author: Frank Mols
Publisher: Cambridge University Press
Total Pages: 239
Release: 2017-05-25
Genre: Business & Economics
ISBN: 1107079802

This book presents compelling evidence of the 'wealth paradox', where economic prosperity can also fuel prejudice, social unrest, and intergroup hostility.

The Prosperity Paradox

The Prosperity Paradox
Author: Philip Martin
Publisher: Critical Frontiers of Theory, Research, and Policy in International Development Studies
Total Pages: 241
Release: 2020-10-14
Genre:
ISBN: 0198867840

The Prosperity Paradox explains why farm worker problems often worsen as the agricultural sector shrinks and lays out options to help vulnerable workers.

Under-Rewarded Efforts

Under-Rewarded Efforts
Author: Santiago Levy Algazi
Publisher: Inter-American Development Bank
Total Pages: 323
Release: 2018-07-11
Genre: Business & Economics
ISBN: 1597823058

Why has an economy that has done so many things right failed to grow fast? Under-Rewarded Efforts traces Mexico’s disappointing growth to flawed microeconomic policies that have suppressed productivity growth and nullified the expected benefits of the country’s reform efforts. Fast growth will not occur doing more of the same or focusing on issues that may be key bottlenecks to productivity growth elsewhere, but not in Mexico. It will only result from inclusive institutions that effectively protect workers against risks, redistribute towards those in need, and simultaneously align entrepreneurs’ and workers’ incentives to raise productivity.

The Globalization Paradox

The Globalization Paradox
Author: Dani Rodrik
Publisher: OUP Oxford
Total Pages: 442
Release: 2012-05-17
Genre: Political Science
ISBN: 0191634255

For a century, economists have driven forward the cause of globalization in financial institutions, labour markets, and trade. Yet there have been consistent warning signs that a global economy and free trade might not always be advantageous. Where are the pressure points? What could be done about them? Dani Rodrik examines the back-story from its seventeenth-century origins through the milestones of the gold standard, the Bretton Woods Agreement, and the Washington Consensus, to the present day. Although economic globalization has enabled unprecedented levels of prosperity in advanced countries and has been a boon to hundreds of millions of poor workers in China and elsewhere in Asia, it is a concept that rests on shaky pillars, he contends. Its long-term sustainability is not a given. The heart of Rodrik’s argument is a fundamental 'trilemma': that we cannot simultaneously pursue democracy, national self-determination, and economic globalization. Give too much power to governments, and you have protectionism. Give markets too much freedom, and you have an unstable world economy with little social and political support from those it is supposed to help. Rodrik argues for smart globalization, not maximum globalization.

The Profit Paradox

The Profit Paradox
Author: Jan Eeckhout
Publisher: Princeton University Press
Total Pages: 352
Release: 2022-10-25
Genre: Business & Economics
ISBN: 0691224293

A pioneering account of the surging global tide of market power—and how it stifles workers around the world In an era of technological progress and easy communication, it might seem reasonable to assume that the world’s working people have never had it so good. But wages are stagnant and prices are rising, so that everything from a bottle of beer to a prosthetic hip costs more. Economist Jan Eeckhout shows how this is due to a small number of companies exploiting an unbridled rise in market power—the ability to set prices higher than they could in a properly functioning competitive marketplace. Drawing on his own groundbreaking research and telling the stories of common workers throughout, he demonstrates how market power has suffocated the world of work, and how, without better mechanisms to ensure competition, it could lead to disastrous market corrections and political turmoil. The Profit Paradox describes how, over the past forty years, a handful of companies have reaped most of the rewards of technological advancements—acquiring rivals, securing huge profits, and creating brutally unequal outcomes for workers. Instead of passing on the benefits of better technologies to consumers through lower prices, these “superstar” companies leverage new technologies to charge even higher prices. The consequences are already immense, from unnecessarily high prices for virtually everything, to fewer startups that can compete, to rising inequality and stagnating wages for most workers, to severely limited social mobility. A provocative investigation into how market power hurts average working people, The Profit Paradox also offers concrete solutions for fixing the problem and restoring a healthy economy.

The Progress Paradox

The Progress Paradox
Author: Gregg Easterbrook
Publisher: Random House Trade Paperbacks
Total Pages: 402
Release: 2004-11-09
Genre: Self-Help
ISBN: 0812973038

In The Progress Paradox, Gregg Easterbrook draws upon three decades of wide-ranging research and thinking to make the persuasive assertion that almost all aspects of Western life have vastly improved in the past century–and yet today, most men and women feel less happy than in previous generations. Detailing the emerging science of “positive psychology,” which seeks to understand what causes a person’s sense of well-being, Easterbrook offers an alternative to our culture of crisis and complaint. He makes a compelling case that optimism, gratitude, and acts of forgiveness not only make modern life more fulfilling but are actually in our self-interest. An affirming and constructive way of seeing life anew, The Progress Paradox will change the way you think about your place in the world–and about our collective ability to make it better.

The Paradox of Risk

The Paradox of Risk
Author: Angel J. Ubide
Publisher: Policy Analyses in International Economics
Total Pages: 298
Release: 2017
Genre: Interest rates
ISBN: 9780881327199

The Paradox of Risk contends that central banks' fear of inflation and risk taking has hampered their efforts to revive global prosperity. Ángel Ubide mobilizes a wealth of research on the experience from the last decade, urging policymakers to leave their "comfort zone," embrace risk taking, and take bolder action to brighten economic prospects.

The Water Paradox

The Water Paradox
Author: Ed Barbier
Publisher: Yale University Press
Total Pages: 295
Release: 2019-02-26
Genre: Business & Economics
ISBN: 0300240570

A radical new approach to tackling the growing threat of water scarcity Water is essential to life, yet humankind’s relationship with water is complex. For millennia, we have perceived it as abundant and easily accessible. But water shortages are fast becoming a persistent reality for all nations, rich and poor. With demand outstripping supply, a global water crisis is imminent. In this trenchant critique of current water policies and practices, Edward Barbier argues that our water crisis is as much a failure of water management as it is a result of scarcity. Outdated governance structures and institutions, combined with continual underpricing, have perpetuated the overuse and undervaluation of water and disincentivized much-needed technological innovation. As a result “water grabbing” is on the rise, and cooperation to resolve these disputes is increasingly fraught. Barbier draws on evidence from countries across the globe to show the scale of the problem, and outlines the policy and management solutions needed to avert this crisis.

Why We Hate Us

Why We Hate Us
Author: Dick Meyer
Publisher: Crown
Total Pages: 290
Release: 2009-09-22
Genre: Social Science
ISBN: 0307406636

Americans are as safe, well fed, securely sheltered, long-lived, free, and healthy as any human beings who have ever lived on the planet. But we are down on America. So why do we hate us? According to Dick Meyer, the following items on this (much abbreviated) list are some of the contributors to our deep disenchantment with our own culture: Cell-phone talkers broadcasting the intimate details of their lives in public spaces Worship of self-awareness, self-realization, and self-fulfillment T-shirts that read, “Eat Me” Facebook, MySpace, and kids being taught to market themselves High-level cheating in business and sports Reality television and the cosmetic surgery boom Multinational corporations that claim, “We care about you.” The decline of organic communities A line of cosmetics called “S.L.U.T.” The phony red state–blue state divide The penetration of OmniMarketing into OmniMedia and the insinuation of both into every facet of our lives You undoubtedly could add to the list with hardly a moment’s thought. In Why We Hate Us, Meyer absolutely nails America’s early-twenty-first-century mood disorder. He points out the most widespread carriers of the why-we-hate-us germs, including the belligerence of partisan politics that perverts our democracy, the decline of once common manners, the vulgarity of Hollywood entertainment, the superficiality and untrustworthiness of the news media, the cult of celebrity, and the disappearance of authentic neighborhoods and voluntary organizations (the kind that have actual meetings where one can hobnob instead of just clicking in an online contribution). Meyer argues—with biting wit and observations that make you want to shout, “Yes! I hate that too!”—that when the social, spiritual, and political turmoil that followed the sixties collided with the technological and media revolution at the turn of the century, something inside us hit overload. American culture no longer reflects our own values. As a result, we are now morally and existentially tired, disoriented, anchorless, and defensive. We hate us and we wonder why. Why We Hate Us reveals why we do and also offers a thoughtful and uplifting prescription for breaking out of our current morass and learning how to hate us less. It is a penetrating but always accessible Culture of Narcissism for a new generation, and it carries forward ideas that resounded with readers in bestsellers such as On Bullshit and Bowling Alone.